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R e s e r v e Ba n k DALLAS, TEXAS Dallas of 75222 Circular No. 76-110 August 5 1976 , American Revolution Bicentennial $2 FEDERAL RESERVE NOTES TO THE CHIEF EXECUTIVE OFFICER, ALL BANKS IN THE ELEVENTH FEDERAL RESERVE DISTRICT: We now have an adequate supply of $2 Federal Reserve Notes available to meet a l reasonable demands, and we urge you l and your staff to actively promote the use of the $2 b l in trans il actions with your bank customers. With the expanded use of the $2 b l by banks, business organizations, and the public, i i il t s estimated that a saving of approximately $27 million in the cost of printing Federal Reserve currency will result over the next five years, which i a significant saving to taxpayers. s Treasury Department officials forecast a wide circula tion of $2 notes, resulting in an eventual reduction in the need for $1 notes. Studies indicate that other nations utilizing the decimal system, such as Canada and Australia, have successfully utilized the $2 denomination. We greatly appreciate your cooperation in this matter. Sincerely yours, Ernest T. Baughman President This publication was digitized and made available by the Federal Reserve Bank of Dallas' Historical Library (FedHistory@dal.frb.org)
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